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2012-11-30
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taking a dive? and is now the time to get in? cramer has answers. don't miss his take on apple coming right up on "mad money." >>> i'm calling them fcss, fiscal cliff stocks. and they're the names that makes too much sense to sell simply because tax rates do matter. what does an fcs stock look like? how about april toll name the worst example. i got stopped on the floor of the new york stock exchange who asked me the most common question in the last month. am i going to lose my shirt in april toll which i said, depends on the shirt. i wasn't being glib. i don't want you greedy. if you're wearing a $50 and your apple basis where you bought the stock, then you're wearing a shirt that has a lot of room. but you're also being greedy. greedy as all get out if you don't take something off the table. you see without something compelling to drive apple share price back higher quickly, you're stuck trying to figure out where it's worth betting that the stock can trade back to $700 and can you make an additional 160 points or whether it pays to take profits now and pay the low 15% capital gains

, biting apple. lukewarm sales for the new ipad mini. stock prices crumbling to a five-month low. are competitors finally getting the best of the house that jobs built? >> announcer: from the global resources of abc news, with terry moran, cynthia mcfadden and bill weir in new york city, this is "nightline," november 7th, 2012. >> good evening, i'm bill weir. well, as the happy obama family flew back to washington today, a few conservative pundits observed that if only america had the same demographics as it did under ronald reagan, mitt romney would have won. yes. and if jonie loves chachi was still in primetime, people wouldn't laugh at my parachute pants. the country is changing in waves. and what last night taught us is that the party that knows how to ride those waves wins. here's my co-anchor, terry moran. >> reporter: america awakened to a new political reality this morning. >> what happened? >> i was wrong. >> reporter: so were a lot of republicans. >> i so wish that i had been able to fulfill your hopes to lead the country in a different direction. but the nation chose a

sandy. what you can learn to protect yourself from future natural disasters. and, is apple's break-down causing some market jitters? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, november 9th. i'm angela miles. in today's first look: it's another downer for the stock market. the dow tumbled more than 100 points yesterday, falling to its lowest level since july, mostly due to uncertainty about the future of the u.s. and global economies. groupon shares fell 13% after the close on earnings news. revenues were up, but the coupon company had a net lost of nearly 3 million dollars. profits were up at disney thanks to espn and growth at theme parks. and priceline is set to buy online travel company kayak for $40 per share. how low will this market go? ben lichtenstein of tradersaudio.com joins us. good morning to you. happy friday. but is this a buying opportunity here? > > i don't think so. i think basically if you try and step up right now, you're kind of trying to play "catch the knife" if

: from the victoria's secret's pink, to the apple store, people are enthusiastic about buying and it shows. david vaton is on the hunt for an ipad mini and he says when it comes to getting a good deal, sleep is overrated. >> i stayed up the whole night, i did not go to sleep at all. today, so it's been a really long night. >> i got up at 2:00 in the morning. i probably got like five hours of sleep but i'm awkwardly awake right now. >> how much do you expect to save? >> well i just saved 50 bucks on this jacket. i don't know, maybe another hundred, save about $150. >> reporter: more than 145 million people are expected to go shopping this weekend, and while that's slightly less than last year's estimate, retailers are still feeling upbeat about the state of the consumer. stores often make more than a third of their annual sales during the christmas holidays and black friday is seen as a good barometer on the season. >> i think it creates the momentum for the rest of the season and by the looks of it this year i think we're going to have a great season. >> reporter: and when it

to go home in a few days. >>> a supersized spending spree. apple is taking over a part of the south bay where it plans to spread out, next. >> and cops hear a lot of excuses for bad driving but wait until you hear what one driver blamed for this parking lot smashup. >>> a day late, $500 million short. california decides to get in the game one day after that huge powerball jackpot. ,, ,,,,,, and for the tech giant appl, and for the tech giant appl, another expansion from its cupertino roots into neighbg room >>> the apple doesn't tall far from the tree and for the tech giants apple, another expansion from its cupertino roots into neighboring santa clara will mean more room to grow. cbs 5 reporter len ramirez is live in the south bay where support for the move is high. len. >> reporter: that's right. you know, those electronic devices very popular at christmastime and you can bet that a good number of them under the tree will have that apple logo on it. now this company is expanding and that's also good news for a growing number of south bay cities. take a look around the apple campus in

are abnormally tight. >> tom: the words apple and bear market rarely appear in the same sentence. but the tech giant's stock is officially in bear market territory. while the stock gained nearly 2% today, it's still down more than 20% from it's record high close in september. that's not just bad new for investors in apple shares. it's also weighing on major market indexes. erika miller reports. >> reporter: we've all been warned that one bad apple can spoil the bunch. what's happens on the playground, also goes for the stock market. the recent drop in apple shares is having a negative influence on major market indexes. the stock hit a record closing high of $702 a share back on september 19, now it's about $150 cheaper-- a drop of more than 20%. so what's at the core of the apple selloff? >> if you are looking to sell, if you are concerned about the market and the fiscal cliff, portfolio managers are either shedding either their largest asset or their biggest winner and apple is likely both. >> reporter: short term, some investors are worried about possible supply shortages of the iphone 5 and

, is apple's mini a big flop? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, november 5th. i'm angela miles. in today's first look: the countdown to the presidential election is on. in what could be viewed as a sign even the market has a case of the jitters about the outsome, stocks and commodities all sold off. new york's flagship apple store on 5th avenue reports a sell- out of the new ipad mini friday. but only short lines were spotted outside the apple store in chicago. at the gas pump, prices fell 8 cents last week, dropping to $3.49 per gallon. and an unusual move by the department of energy, which is loaning diesel fuel to the residents in the northest left without power due to superstorm sandy. let's find out what's on the minds of traders this morning. phillip streible of rjo futures joins us on this monday morning. good morning to you. > > good morning to you. > > what was going on with that sell-off on friday? was that classic buy-on-the-rumor-of- the-jobs-number and then sell- off-

coyle of the national law journal. >> woodruff: and spencer michels looks at the complaints about apple's maps and the high stakes for those trying to come up with something better. >> the battle over digital map making indicates how crucial this field has become and it could bode well for consumers as the maps get better. >> ifill: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the u.s. death toll from the giant storm named sandy has risen to at least 63 today. about 6.5 million homes and businesses are still without electricity though there were signs of daily life returning to its usual rhythm in some places. a familiar sound returned to lower manhattan streets last night. ( horns honking ) the power did not. police helpe

by apple. there it goes again. we'll talk about that in a little bit. up 15 points on the nasdaq now at 2910. the s&p 500 index is up about five points at 1382. the market certainly didn't like what the president had to say at 1:00 eastern time. the dow was in positive territory when he began speaking. as you can see from the chart, as the speech progressed, the dow started to fall. it did rebound a bit after the speech was over, but we have been heading lower again as we go into the final hour here. in today's "closing bell" exchange, dan mcmahon from raymond james is going to join us. also, john from gfi group. our senior economics reporter, steve liesman, and our own rick santelli. john, it is clear that the fiscal cliff has wall street's full attention right now. do you expect a -- something to happen by december 31 or not? >> we expect something is going to happen. what that's going to be, we don't have the clarity we're expecting just yet. i think it's simple math. everybody knows what has to be done. obviously, we've had many, many studies over the course of the last few years

today. paul jacobs to tell us why the wireless chip maker is giving upbeat guidance and apple, too, and whether the giant can claw out of the bear market territory. that's delynn nated at 564 and coming up after the opening bell. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at chase.com/mainstreet he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> ope

if this market gets away from us. i think it's what you saw with apple. >> apple has become a proxy for this market. a huge rally, best since last april. >> out of correction territory. >> look at that, 7.3% gain for a stock that is $565. once again, rick santelli, what did you make of today's action? i haven't seen the ten-year in the last few minutes but i don't know if it sold off commensurate with the rally in stocks but what did you think? >> it didn't. that's one thing that has to be factored into the equation. certainly three basis higher than 158 friday. global stocks coming into our time zone were a bit higher. after existing home sales, the national home index, builders index, being the best level since may of '06, all of those contributed to even more upside in stocks, which made sense. the treasuries, call them party poppers, but they virtually haven't moved the last three hours. >> interesting. margie, what are you telling people here as we wait to see whether or not there's actually going to be some kind of resolution to the fiscal cliff? do you tell people to get invo

-hour. >>> then, the question -- is the shine off of apple. practically everyone has an i-something. but the company stock is sliding and plenty of people want to know what is wrong with the once mighty tech giant. did you ever think you would hear stock sliding, apple in trouble? >> i think financially they're okay. >> think they are. >> a bunch of guys who knew what they wanted and rode into a mall to get it. real life scene out of a james bond film. have to hear the details on this one. wild video there. >>> first, a new threat for the millions who are still recovering from super storm sandy. a nor'easter bringing rain and wet snow to the coastal areas of new jersey, new york and connecticut. shutting major roadways. and the nation's largest commuter railroad. >>> more than 1,000 flights were canceled with more likely as the storm spreads through the region this morning and weary residents who just got their power back, yeah, have lost it again. jim dolan of our new york station, wabc in the area hit hard by sandy, staten island. >> reporter: even in the snow they're wo

lined up outside the apple store in palo alto. they are waiting to buy the new ipad mini which goes on sale today. janine de la vega is in palo alto with a noticeably different response to apples late east gadget. >> reporter: yeah there is. first let me show you what the new apple store looks like. you can see it's completely black vail here in front of the store because they're trying to hide it from the public and then they have a sign out here displaying the ipad mini because that is the featured product this morning. we weren't sure what keep of response the ipad mini was going to get. you can see these are apple faithful fans. there is only four people in line. here's the first one. we will be talking to them in just a bit. it's the first venture into the smaller tablet market. analysts think consumers may be slow to warm up to it. its priced much higher at $329 for the basic wi-fi version. compare that to the amazon kindle fire and google nexxus 7 which which is priced near the $200 range. you told me you got in line at 2:00 a.m.. why are you doing that? who is it important

court-mandated reforms. >>> i'm len ramirez in silicon valley. apple has major plans to expand in santa clara but what other bay area city may benefit from that? the story is just ahead. >> the fate of the farm is decided. what's going to happen to this long-time bay area oyster company? >> was he drunk? the officer said no, he sneezed. >> the surveillance video of a bay area crash blamed on a sneezing fit. ,, ,,,,,,,,,,,,,, a planned expansion into saa clara will provide work spae for more than a >>> the tech giant apple getting more room to grow. a planned expansion into santa clara will provide work space for more than 1,000 apple employees. cbs 5 reporter len ramirez says one person in particular is rolling out the welcome mat tonight. len. >> reporter: that's right. you know, apple is very popular this time of year as are many computer companies because they make the devices that people really want. apple does have big plans to expand in the south bay and that may help not one not two but possibly three bay area cities. take a look around the apple campus in cupertino and you see a

of washington, apple, google and amazon. just today gaining at the close of the market. look, i'm as aggravated as you are about the lack of progress over the fiscal cliff. is there progress? is there no progress? are the democrats giving? have the democrats given? the only thing given that i know is the tablet. that's what i want to spend a moment on while we bemoan the farce that is washington. one of the worst aspects of this era where we have to hang on every word of people who frankly aren't actually trying to make us any money, and if anything want to take it from us, is there are companies doing amazing things, so tonight in the interests of some companies that are doing great things that can make you money, i want to celebrate the products of three terrific companies as well as their stocks, because after all this is "mad money," not mad tablets. first one of my favorites is the column that amazes me, david pope, the "new york times" writer who opines brilliantly in a can't-miss column about tech products. i love this guy. today's product starts well enough, a segment of an npr-call-in

apple? it's most valuable tech company in the world. and its products have changed the course of consumer electronics. so why is the stock taking a dive? >>> and is now the time to get in? cramer has answers. don't miss his take on apple coming right up. all coming up on "mad money." try this... a migraine now. bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> at a moment where everyone is freaking out about the countdown to the fiscal cliff at the end of the year, and freaking out frankly with good reason, let's not forget there is plenty of worth while opportunities out there. it is harder to find them. we need to focu

will be different than usual. rather than working at night the crews will start at dawn. >>> apple fans get their hands on the new mini tablet but something was missing this time when the stores opened their doors. >> for the 50th time monte vista is meeting up we have a live report, coming up. >>> in weather, we have a batch of high clouds moving into most of the bay area. coming up, we will have patchy dense fog first thing in the morning and the warmest day of the up coming weekend >>> chevron says their refinery will be operational early next year. that is nearly three months after a major fire there. the pipe burst causing a fire that sept a huge plume of smoke across the east bay. chevron says the fire had an impact in production. >>> well, apple fans can finely get their hands on one version of the new i pad mini and the latest generation ipad. some of the fanfare was missing today when apple stores first opened their door its. >> 3, 2, 1. [cheers and applause] >> reporter: kicking off the debut. lines long, excitement, high. here at the san francisco store at 8:00 a.m. it was more

. it's got a lady holding a red ball. geoff: yeah. craig: or apple, as some people call them. i think that's the australian word. geoff: yeah. craig: they don't call them balls, they call them apples. house your apples? how are your apples? if you go to an australian doctor, they say, let me hold your apples and turn your head and could have. geoff: i hear that ferguson has only got one apple. the cover of that book makes you want to turn qur head and cough. -- turn your head and cough. craig: turn your head and cough, geoff. good night, everybody! [applause] captioned by the national captioning institute --www.ncicap.org-- [captioning made possible by worldwide pants, inc., and the cbs television network.] ,,,,,,,,,,,,,,,,,, didn't deliver on a major selling point. "...bee >>> that's the first i heard about it. >> nearly one million car owners are getting money back, all because their cars didn't deliver on a major selling point. >>> juliette goodrich on the promise that didn't quited a up. >> hi, ken, we're talking about miles per gallon. do you question the fuel economy when

. >>> u.s. i.t. apple, that's the i.t. giant has settled the global patent dispute with htc. apple and htc say they agreed on a ten-year cross licensing the patents. apple filed a suit against htc two years ago with the u.s. international trade commission. apple claimed that the taiwanese infringed patents. it was a software for automatically recognized phone numbers and e-mails and converting them into links. they include the decision last september to suspend u.s. imports of htc products. the latest deal is the first settlement between apple and a company that uses devices using google's android operating system. it may influence the ongoing court battles between apple and samsung electronics. >>> china's main securities regulator says it wants to promote investment in chinese shares by foreign institutional investors. the chairman of the china securities regulatory commission spoke to reporters on the sidelines of the communist party's national congress. he said overseas investment represents just 1.2% of china's total market capitalization. he said the proportion is significantly lower

is dropping. what sectors are hiring the most heros. plus, apple devices are getting more complex to make. why it could mean a longer wait for apple gadgets. and, how superstorm sandy could affect home depot stock this week. keep it here, first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, november 12. i'm angela miles. in today's first look: stocks drop. the dow & s&p 500 fell 2% last week. some traders say it was just good old profit taking. others believe the fall was out of fear of the looming fiscal cliff. the market could have a heavy metal reaction today to a deal that was announced late friday. precision castparts is buying titanium metals for $2.9 billion in cash. in the "affairs to remember" category, christopher kubasik, who was on his way to becoming the ceo of lockheed martin, resigned after revealing an affair with an employee. cia director david patraeus also resigned friday because of an affiar. reports say google has been cut off in much of china as the communist party appoints new leade

that led to the death of man at wal-mart. >> plus, apple wants to take a bigger bite out of samsung. the changes they're pushing for in their patent lawsuit. >> a big weekend for shoppers and an enbigger weekend at thele box office. >> leigh: i'm meteorologist leigh glaser. fog might slow the commute down tomorrow morning. storms by the end of our work week. >> ama: a georgia man suspected of shoplifting died after being subdued by wal-mart employees. a middle aged man walked out with two dvd players. employees caught him and put the man in a head lock. when the officers arrived the man wasn't breathing, employees are trained to disengain with situations that put them at risk. >> apple wants to increase its patent ininfringement suit to samsung. apple wants to include the samsung galaxy note ii. the case is one of two lawsuits by apple against samsung. apple claims sams sung's smart phones inning fringe on apple's patents. >>> same-sex marriage will be front and center this we're. u.s. supreme court justices will hold a closed door meeting to decide if now is the time to rule on sam

to grow. the bay area city that apple is moving into. >> and powerball is coming to california, when tickets will go on sale. . >> a trucker who took out ten vehicles as he barrelled through an east bay car lot says he was under a spell, a sneezing spell. . >> this is thousand accident scene lookeded from chopper five. the driver of a big truck claims he had a sneezing attack and slammed into ten trucks in a used car lot. surveillance cameras at a nearby business capture the clash. if you look carefully at this video, can you see a big truck flouing -- plowing intie flat bed truck. then watch as the front of the flat approximate bed is tossed against other trucks in the used car lot. >> i was just like no. >> there's the damage to the back of the flat bed truck that took the first impact. police say the driver was not on drugs or under the influence, they say it appeared to be a freak accident. >> look at the surveillance video again, the driver hit the brakes after he hit the flat bed. police say that supports the claim that he was distracted from the road after back to back to

is recovering in the hospital after an attack. his name is john apple white. he's an electrical work are from tampa. he was beaten at a new york city restaurant while working on a super storm relief project. they stopped to get dinner. a man drove up, yelled something and punched apple white in the face. he's back in florida but in the hospital. the attack as not dampened apple white's spirit. >> i'm not going to let one person spoil that for me. >> apple wheat's face very swole -- apple white's face very swollen and will likely need a lot of surgery to repair his face. >>> all right. here's something to smile about, from vacant properties to valued homes. habitat for humanity and the city joined to rebuild new homes on mccabe avenue. nine months from now qualifying families will get a chance to move. for three decades, habitat for humanity of the chase -- chesapeake has purchased homes to restore them. >> wart's back on for most living near that water main break in mt. vernon but repairs are close to completion. it's close to being able to test the main. this is a 16-inch main that broke bet

ball. geoff: yeah. craig: or apple, as some people call them. i think that's the australian word. geoff: yeah. craig: they don't call them balls, they call them apples. house your apples? how are your apples? if you go to an australian doctor, they say, let me hold your apples and turn your head and could have. geoff: i hear that ferguson has only got one apple. the cover of that book makes you want to turn qur head and cough. -- turn your head and cough. craig: turn your head and cough, geoff. good night, everybody! [applause] captioned by the national captioning institute --www.ncicap.org-- [captioning made possible by worldwide pants, inc., and the cbs television network.] >>> new tonight on 9news and washington guardian probe has uncovered $6 billion in what could be tax dollars gone to waste. >> investigative reporter says some of it is already six-feet under, literally. >> reporter: until now, official estimates on waste within the stimulus program had been put on by about $11 million. but that's nothing compared to the questionable spending we'd found. to get it you would have to

. apple's market value peaked in september at $625 billion. since then it's been a steady drop to just under $497 billion today. cbs 5 reporter len ramirez tells us as stocks drop, customer loyalty remains high. >> reporter: apple fans always remain loyal to the company. >> i think the brand is the product. it's not going any of where. >> reporter: but investors have been a lot more fickle. >> apple dropped about 30% from its all-time high of $705. >> reporter: and that's just since september. menlo park portfolio manager patrick white says a combination of factors has triggered a bona fide apple sell-off. >> to drop 30% in a short period of time means the investment public's perception has changed. and either they are using it for a source of funds or they think that the company has sold all the ipads and imax that they are going to sell ever. >> reporter: although apple stocks finished up slightly today, its price of $527 a share is not enough to erase its dramatic downhill slide. dating back to the original ipod and then continuing with the iphone and the ipad, apple has had a strin

in any particular stock lake apple or whatever, would you sell now? does it pull forward and put pressure on stocks until the end of the year knowing that taxes will go higher? >> or do you wait for a special dividend that we keep hearing will come toward the end of the year? >> special dividend talk. i'm a stay the course guy. i understand anyone who said i got a huge capital gain and the stock has to go up ten more points to make it so that i should hold. >> okay. we do have certainty on these issues. there's also post-election uncertainty that involves the fiscal cliff. we're 54 days away from tax hikes and spending cuts that many economists and business leaders say could send the u.s. economy back into recession. here we have an interesting divide between wall street and washington. wall street seems to believe and you can take a look at the numbers on how the market has acted over the past year. wall street seems to believe that we'll avert this cliff. washington seems to be willing to drive over the cliff. >> i think there's -- i don't want to pick on the tea party per se. you can s

building stocks are the number one group thus far this year. you want to go back to your technology. apple, that thing is down over 25% now. buy some apple. buy it on a scale down basis. average down on apple. that would be one thing. oracle is another one. that is at the basis. and qualcomm. those three, bill. >> okay. jeff? >> looking to hedge where the s&p 500 may go. looking at holding some cash. also looking at some opportunity where is they're emerging. oil, for example, on mideast conflicts starting to lift higher. that might be an opportunity. >> just like to wish xi jinping, the new president of china, all the best. may he have success, social stability, and integrating china into the world economy. he took office yesterday. god bless him and god bless china. >> let's see if he can get past all those conservatives. >> thanks, guys. >>> yesterday, when maria sat down with alan simpson and erskine bowles, simpson took aim at republicans like grover norquist who have pledged not to raise taxes under any circumstances. listen to this. >> i've always said about grover he's wandering th

box today. i'm sorry. >> it's okay. we're moving on, so is the market. >> apple, let's go back to the good old stories. apple once again king of smart phone sales in the u.s. but which one wins the stock war? apple versus google up next. >>> plus, hewlett-packard and ahn to ah n -- autonomy. it's getting uglier. open letters, public insults, now a lawsuit. in a word, it is ugly. we will have details coming up. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. prevent acid all day and all night for 24 hours well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' mark

have been more important the second half of the day, was apple. when we hit 588 on apple, around the time of 1:00, 1:15 in the afternoon, there's the intraday. you'll notice it just collapsed. the volume picked up rather noticeably. that was the 200-day moving average. that's important. apple has not below the 200-day moving average since november of last year. that was a major factor. look at the dow in the middle of the day. the dow drooped right after apple started breaking down. again, around 1:15 or so. it was weak before that. we did have weakness in materials and energy stocks as the dollar was strong. i think that was a factor. but i also think apple really mattered a lot. wouldn't it be nice to have a stock like restoration hardware go public today? in a week where we need restoration. that's what happened. went public at 24. it opened at 32 and closed not far from that price. great day for that company. finally, maria, for the week, no the much of a change. remember, we were only open three days this week. have a good weekend. >> you too. see you later. don't touch that

, coming up a silicon valley company working with apple and your smartphone to bring you an environmentally friendly, long-lasting light bulb to personalize. >>> there is nothing mini about it. the new numbers on how ipads apple unloaded this weekend. we'll be right back. this is hayden. that's elizabeth. and that's skyler... and his mom, nancy. they're just a few of the californians who took it on themselves to send you a message about what they need to restore years of cuts to their schools. prop thirty-eight. thirty-eight raises billions in new revenue - bypasses sacramento and sends every k through 12 dollar straight to our local schools... every school. for them. for all of us. vote yes on thirty-eight. >>> pro fremont police officers are on paid leave after shooting and killing a man early this morning. they killed a 37-year-old man naked and holding a knife chasing his estranged wife. it occurred on central avenue blocks from glenn more elementary school. a woman called police to report her roommate was being attacked by her hiss. they asked him to drop the knife, and when he didn't

. this morning we are getting a taste of the fall harvest with local apples. there is much more to sample than just apple pie. holley joins us live. >> reporter: it's not apple pie but equally as sweet. in many versions when we're talking about what we're going to talk about. first friday up here, the first friday of the month, 45 plus shops, restaurants, antique shops, they all come together and open up and stay open late on friday nights and offer up something special. and there's no better way to enjoy it all than with a good glass of wine. good morning to you on this chilly morning. >> it is a little chilly. >> it's getting colder as the morning goes along. this wine will warm us up. we are talking about the apple harvest season. what do you got for us? >> today i brought one of my new creations which is our apple wine. this is my second year i've done apples. comes from winchester, virginia. locally grown. made it into a wine. real similar. it's not sweet. it's apply. >> what's the difference between an apple wine and a cider? >> cider is less alcohol. we'll drink two glasses. >> obviousl

members for whom netflix is a daily staple. watching "dora." >> let's talk about apple. it's another big stock we're watching this morning announcing it sold 3 million ipads in three pads since launch of new ipad mini and fourth generation ipad. the company says that's double the first weekend milestone of 1.5 million wi-fi only models sold for third generation ipad back in march. ceo tim cook says apple practically sold out of ipad minis as apple shares are trading close to bear market territory. nice reversal on the shares. higher by 1.4%. trading lower prior to news. the thing to make clear about this release is they lumped together sales of ipad mini and fourth generation ipads. it's a combined number, which they are trying to compare to the release back in march of the third generation wi-fi only ipad which is apples oranges to here. in talking to analysts this morning, brian marshall for one, he said he views the 3 million number combined as positive and of the 3 million, two plus million were ipad minis. those are really selling like hot cakes. >> can it break the vortex? >> that

on monday. however, stay tuned will keep posted on that. >> the android samsung galaxy s3 and the apple iphone 5 they are battling it out. in the third quarter, the galaxy s3 beat sales of the iphone number five. and with the iphone 5, on back order and still taking several weeks to deliver the galaxy s3 is becoming more appealing as an iphone alternative. which is better? gabe slate tech report >> the galaxy s3 and the apple iphone 5. they are both awesome devices you cannot go wrong with either one. what is apple's idea and one is google's. however, i have had both for a couple of weeks but i think what the big differences are. the apple iphone 5 is in my left hand. and the galaxy s3 is in my right hand. the 4.8 in. screen compared to the apple iphone 4.3 in. screen. fair is a larger screen on the samsung. the both have the same weight and the apple iphone 5 still has that same shape of a box. however, the galaxy s3 is on the same level of battery, power, but the iphone 5. they both had unique features that others perhaps to not but those are more novelty not from the deciding factors

? >> i think what they have to do is do something they've never done which is go to apple and say, listen, we'll pay to do it. take samsung out. >> does your gut tell you that he's being forced out? >> boy, it's not the intel way. this has been just the worst period i've ever seen for the stock. i knew andy grove had the ability to talk to important for some point in my career. the intel of old is the company that was always on the cutting edge. this intel has tried and failed to do communications work. they do have cell phones. they are sold in countries that are not competitive with a lot of other countries. intel is a brilliant company filled with brilliant engineers and makes a problem not able to crack into apple other than the mac and samsung has been able to crush them which is extraordinary. >> he's been ceo for eight years. coming in around the average tenure. six months is indicative perhaps of an agreement that his time was up. it's hard to imagine he was forced -- if you want someone out, you may not want them in there for another six months. that being said, they do promote a

to your cell phone? it is a real phobia. >>> he did not co-found apple, but we will show the mansion that is on the market today for a nice little price. we will have that just ahead. >>> you will soon see a lot more teslas on the road. i'll tell you that coming up in business news. >>> here is a live look at what is left of the morning commute in san francisco at the bay bridge toll plaza. we will get a look at the seven-day forecast that christina was talking about coming up. stay with us. >>> we have developing news to tell you about right now. these are live pictures out of san francisco where a gas main break has shutdown a portion of the embarcadero, specifically embarcadero and green streets near pier 15. the good news is that gas has been turned off and the road there is expected to reopen any minute now. we will keep you posted. >>> a pennsylvania family is grieving the death of their young son after a horrific mauling at the pittsburgh zoo. the boy was with his mother and aunt when the mother put the boy on the railing of the painted-dogs exhibit. the boy fell and was maule

things that were missing that caused apple to refuse a refund. >> plus the five things that are a better bargain to buy in november. invested in the california proposition fight, just thik about the folks who bankrold those campaigns. we're not just talking 25, 50, or 100 >> if you think you have something invested in the proposition fight, think of the campaigns that bankrolled those campaigns. we look at the winners and losers who wagered millions. >> this should be the beginning of a new chapter. >> reporter: it comes down to dollars, l.a. attorney molly monger is the biggest loser. she spent $44.1 million of her own money on proposition 38, a tax measure for schools, it failed. her brother, stanford physicist spent also to support the unsuccessful proposition 32, which would have restricted union money in politics. >> it's common for wealthy individuals to spend a lot of money to influence initiatives. >> reporter: daniel newman is co-founder which tracks political spending. >> we've seen four individuals that have donated more than $15 million. >> reporter: insurance executive georg

, has been passed up by apps and maps of other smartphones. "apple has taken over the corporate market. they're a couple of years behind and the days of push-email being exclusive to blackberry are over." already, rim has launched marketing efforts in the philippines, one of rim's biggest phone markets. the phones feature a new operating system, touchscreens similar to the iphone and samsung galaxy, and mini keyboards familiar to blackberry owners. "if this fails, rim is toast." mark sebastian says rim really doesn't have a choice. its stock tumbled from $148 per share in 2008 to $6.10 two months ago. but the promise of twice- delayed new products has kept the faithful... well, faithful. "all it takes is one product and rim will be back. could it double in price? absoultely." government agencies such as the defense department are reportedly considering the new blackberries. a new contract could be awarded in april. target is the latest retailer hoping you'll finish your turkey dinner on the early side so that you can start your holiday shopping on thanksgiving. target is joining wal-ma

offender allowed to volume lun near a school. >> and apple sends a big message to customers about quality control. a product that got a manager fired. stay with us. >>> here is a live look at the campus of oikos university. the school community holding a concert and dedicating a garden this evening to victims of that shooting rampage on the campus in april. seven people died tlchl the victims included students and staff members. prosecutors say the former nursing student one goh was the gunman captured in a shopping sent center in alameda. goh pled got yilt -- guilty to the charges. >> today a federal judge denied a national rifle association nra a preliminary injunction against two san francisco gun laws. the city attorney argued the ordinance reasonably helped public safety without denying the right to bear arms. the law requires guns to be locked when stored in the home. another law bars sale of particularly dangerous am mission that has no sporting purpose. >> santa clara county sheriff meeting with parents in a san jose sqool skool where a registered sex offender was allowed to volun

you call people going crazy for the ipad mini? it goes on sale apple stores 8:00 this morning. they say the three orders online are sold out. that could take you to a three weeks which means a lot of people are up early and in line trying to get a hold of one of these. kron4 as will tran does this from the apple store and palo alto. >> barry is there is the finish line the practice is waiting for them to get their hands on it. they have been waiting for 67 hours in the cold. almost there the apple employees, dozens of them ready to make this sale. 360 this $660 depending on the data plan. how are you holding up? >> not bad. pretty a coffee coming the employees have been pretty cool about that. >> you're buying two hour you holding up? >> two white ones. >> why two? >> they're more popular for with the win and one for my wife and one for my daughter. >> and they said don't come home unless she comes the ipad? >> correct. >> there maybe 70 people here and demand that we spoke to earlier some people got here as early as 10:00 last night. they're getting their coupons to save thei

, a little bakeoff, like who is the best thanksgiving baker. i whipped up a delicious wonderful apple berry cobbler. dylam made something, as well. and we'll find out which you made up. >> i didn't know there were berries involved. i mean -- >> yours is apple, right? >> i think you cheated. i thought it was apple cobbler, apple crisp. you throw berries in there -- >> tweeting pictures of your puppy. it's a whole long thing. we'll have that coming up a bit later on. >> an important distinction. looking forward to that. >>> we do begin with escalating violence in the middle east. the latest from gaza this morning. good morning. >> reporter: good morning, erica. to say the 1.5 million people of the gaza strip are really held hostage by the circumstances all around them is an understatement, a few hundred miles south of here negotiations are under way for a truce. a few hundred miles north of here, the israeli government is meeting to decide what it should do. meanwhile for the people here, though, it was another deadly night of strikes overnight. gaza's nighttime sky lit up by israeli air stri

for the "new yorker" magazine talks about apple, facebook, amazon and google. >> as the world moves to smart phones and away from desktops and people access social networks like facebook on their mobile devices, will he will able to monetize it? will he be able to create ads? you can't do a display ad, take up the whole screen. you can't interrupt a phone call or an e-mail message. so what is the form of advertising that you will have for facebook that will allow them to generate income? that is a big question that looms out there. >> rose: also a conversation this evening that i moderated in early october between marc andreessen and sheryl sandberg, the chief operating officer of facebook. >> i think there's a bigger opportunity. i think -- i mean, one way of looking at the question is how do you go from desktop to mobile how do you adapt. i think there's a different question that i think about a lot. there are going to be opportunities in mobile that have never exted before and it will take time to diover what they are. but for the first time with smart phones we're going to have a compute

is different. >> if there is a conspearancy to commit apple -- conspiracy to commit money laundering that is a felony. >> reporter: they do not have to disclose individual donors because of a 501 tax law. bill lockier says prosecutors can get around that. >> you could look behind the 501 shield if there was some money laundering intentionality. >> reporter: what else can be done? at 6:00 p.m. we are looking at the governor delivering his second message in support of prop 30, all of this involved in the controversy. tom vacar ktvu channel 2 news. >> stay with ktvu for election coverage tomorrow. it starts with ktvu channel 2 news at 5:00 p.m. we will start at 4:00 p.m. and we will have coverage during the 10:00 p.m. news and you will find update throughout our website, www.ktvu.com and ktvu mobile. >>> there is word that apple is exploring ways to replace intel processors with a version that is like apple's mobile technology. they are working on a chip design that could create a more seemless experience between all of their devices. right now many iphone and ipad apps don't work on in

. >>> still ahead, change is coming to an apple store this holiday. >> coupertino, we have a proble. >> reporter: all of this talk of thanksgiving dinner got us wondering about the wild turkeys we see on our jogging paths, sometimes in our own front yards. are they fair game? >>> preparations are under way to feed 1,200 people here in mountain view. i'm marianne favro. coming up, i'll show you how people in the bay area plan to give back this thanksgiving holiday. >>> turkey trouble. people say wild turkeys are getting more aggressive and more prevalent. what do you do if you find them in your yard? kris sanchez went out in search of those turkeys today. they're always pecking at my car at my house. what is the solution for that, kris? >> reporter: you never find them exactly when you need them. we went looking for them today. it's like they gnaw something was going on tomorrow, right? we wanted to know whether the turkeys on our front paths, jogging trails are legal to hunt. the answer is yes. you just have to know where. wild turkeys by the dozen, they must feel the heat of thanks

and surf board. >>> the ipad mini goes on sale in apple stores tomorrow morning at 8:00. preorders are sold out. and if you order through apple's website now, it will take 2-3 weeks to ship. gabe slate tells us what to expect tomorrow. will it sellout like past devices? >> reporter: we're not seeing anyone line up or camp out for the mini, but it is early. it is soldout online. if someone really wants to secure this device, they might line up tomorrow. there might be lines. here's a look at the price breakdown. the mini is $330 at its cheapest and goes up to $660 with indicta plans -- data plans. it is the most expensive of the smaller tablets, but it looks like the best of them so far. it's $130 more than the kindle fire or google's nexus 7. and at $330, it's only $70 less than a full-sized ipad 2. should i buy it? the diehard apple fans, they will buy this, they will want it. i've had my hands on it. it is awesome. it's light, really thin , like a smaller ipad. it's better for on the go when you're out and about or traveling. it fits in your purse, your pocket. so people who have an ipad

will rebound slowly into the weekend and next week. >>> a new report shows apple shares of the market for tablets fell to 50%. this comes as they face more competition. apple still has a solid lead and ships more ipads around the world. in july-september, 14 million were shipped. that is up 26% from a year ago. apple could regain share during the holidays with the new devices. >>> netflix adopted a poison pill defense plan to protect against hostile takeovers. it would kick in if anyone acquires 10% or more shares without the approval from the board. the move is a direct response to a raider. he bought a 10% stake in the company last week. >>> in sports, an nfl coach makes an impassioned speech to his team and the warriors hoping to keep the kings winless for the season. gary is next, he has the sports. >>> all right. good evening, everybody. warriors in sacramento continue their run of entertaining games. they called it a blackout in sacramento, wearing the black jerseys. they were o0-3 coming -- they were 0-3 coming into the game. cousins 23 points. he played 19 points. 12 rebounds.

google fasz book, apple, and amazon and sometimes microsoft because they have so much money >> and you have to throw in samsung. >> rose: samsung now because of consumer problems and they're -- products and they're having some success and we've seen the increasing prevalence of the android model. tell me where that race is and what are they racing for? >> well, everyone is racing for dominance. >> rose: dominance in what? >> they want to dominate your screen. if your platform is the mobile phone, the smart phone, if it's a tablet, if it's a desktop, whatever your platform is, they want to do b the tom nant force on it. so then the question becomes do you have to own the system in order to dominate the way apple was? the way microsoft does? the way google with android does. i mean, google has a much bigger market share than the iphone does in terms of both what -- in terms of powering both ipad and iphones, mobile phones and tablets. but google made a different decision than apple. they said we're going to give market share by giving it away. >> rose: gain market share by giving it away

he device was the top-sellingg smartphone in the ttird quaater... with apple's i- ppone 44s cooing in second.but it wws a close race.here's how it playyd out...samsung sold 18-million galaxy s-3 phonns betwwen jull and september. apple sold about 16-milliin 4-s i-phones.but tte galaxy may have won on a third quarter because thhy eld - were waiting for the newest model, the i-phone 5.because pf that, the galaxy's reign will likely e short-lived. strategy analytics exppcts he i-phone 5 to overtake the galaxy s-3 in the fourth quartee... puuting apple acc on top.the earlyynumberr on the i-phone 5 seem to back up that forecast.the neeeet opening, with 5-million sold but iffapple wants to stay on top, it willlhave to keep itss game face on...aater all, the i-phone has a 13-percent smartphone market share, which is good, but competition is increasing.... including the updated galaxy,, possibly commng out next year.i'm alison kosik in new york. toys-r-us is adding its name stores... opening to shoppers ábeforrá black friday. friday.people will bb able to get into the store starting a

licensing contract with apple. this is significant because this is the first company the taiwanese company that apple filed suit against. and while it's a good sign in the smartphone patent wars, we know that there's much more at stake between apple and samsung. so analysts say don't hold your breath too much. these wars are far from over. >> i think you're right. dee, thanks for that. just over an hour and a quarter into trading. weighted to the down side, a little bit more than 6:4 at the moment. last week losses 1.68% for the foot city, cac well over 2%. ftse up 7, ex-have a dax down 11. ibex down three quarterses of a percent, as well. there are a couple of stocks worth looking at this morning. here we go. bank popular up 5.25%, sas up 2.6%. averting the need for the bank to seek aid. growth in sales in oblgt. advertising demand bouncing back. as far as bond markets are concerned, u.s. bond market is closed today for veterans day holiday. ten year bund yields are lower. spanish yields 5.87%. we are just below 5% level in italy which we did perk up over the end of last week. ten year gi

>>> not as much enthusiasm for the apple ipad mini based on the shorter lines for an apple product release. i'm bob redell. >>> the latest jobs report is out. we will let you know what impact it will have on tuesday's election. >>> get ready for a heat wave. christina loren will tell us where we can expect to see and feel record numbers. the news at 11:00 starts now. >>> good morning. thanks for being with us. i'm marla tellez. >> i'm jon kelley. we start this morning with breaking news out of san francisco. it has been nothing short of a nightmare commute for muni riders. trains back up and running in an half hour. all lines have been shutdown at west portal and embarcadero after reports of a body laying on the tracks. we have christie smith with the latest. >> reporter: good morning, and marla. this was a rough start to the morning commute. trains not running for three hours this morning. within the last 30 minutes, things turned around. about 160,000 commuters use the route each day and half were inconvenienced. emergency trucks lined market street this morning near the montgome

the earlier consumer reviews. what people are saying the day after apple's new release. >>> and there is a scavenger hunt going on in the bay area having a little to do with baseball. >>> and the start of the season could be delayed again, horrible news for businesses in downtown san jose. i'll have more on this coming up. . >>> business owners in downtown san jose continue to suffer the absence of an nhl season. some bar owners have been forced to cut back on workers and come up with different ways to keep the customers coming in. nbc bay area has more on that, hello, arturo. >> reporter: hi, diane, and there was supposed to be a completely different scene here at the shark tank, there was supposed to be a hockey game instead of this quiet. the san jose sharks were supposed to play, and four games for november are cancelled. and now the start of the regular season that was pushed back to december one is in serious jeopardy. there is a gap in the revenue for bars and restaurants that do well during hockey season. they're already feeling the pinch. when there is hockey,

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